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Invesco PowerShares to expand suite of DWA Technical Leader ETFs

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Invesco PowerShares Capital Management, a provider of exchange-traded funds, is launching the PowerShares DWA SmallCap Technical Leaders Portfolio on 19 July on the NYSE Arca.

The new fund is expected to trade under the ticker DWAS and represents the first US small-cap ETF based on the concept of relative strength ranking.

It will be the fourth ETF that Invesco PowerShares has listed based on the DWA Technical Leaders strategy since 2007.

Technical Leaders are companies identified by the DWA selection methodology that possess strong relative strength characteristics compared to their peers and industry benchmarks. The existing products have attracted USD750m in assets under management as of 30 June.

“We are pleased to once again partner with Dorsey, Wright & Associates for the PowerShares DWA SmallCap Technical Leaders Portfolio (DWAS), providing investors with a full suite of Technical Leaders ETFs based on the firm’s respected research,” says Ben Fulton, Invesco PowerShares managing director of global ETFs. “The DWA Technical Leaders strategy, based on relative strength, is widely followed by advisors and professional asset managers.”

Relative strength is a quantitative measure of a stock’s performance in relation to the rest of the market, expressed generally in percentage form.

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